At a Legal Affairs Committee hearing of the European Parliament on Tuesday 13 May 2025, we understand that the European Commission announced that a ‘quick fix’ delegated act is on the way for large companies that have filed their sustainability disclosures in 2025.
On 30 April, the European Securities and Markets Authority (ESMA) published its fifth Report on the Quality and Use of Data, shedding light on how regulatory data is being used across the EU—and where early wins are emerging in efforts to reduce the reporting burden.
Accountancy Europe and the European Contact Group (ECG) have published a summary of their CSRD Practice Forum held in Brussels on 4 April 2025. With the first wave of CSRD reports now published, the event gathered preparers, auditors, users and regulators to assess early implementations.
The European Commission is making a major push to cut red tape and simplify regulation. Through its new simplification packages, the aim is to build a faster, more business-friendly Europe, reducing administrative burdens, improving cross-border processes, and moving toward a digital-first regulatory environment.
On 1 April, the Parliament of the European Union (EU) voted to fast-track the ‘stop the clock’ proposal, a key move to postpone the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) for certain companies.
On 27 March, the European Commission (EC) formally mandated the European Financial Reporting Advisory Group (EFRAG) Sustainability Reporting Board (SRB) to lead the simplification of the European Sustainability Reporting Standards (ESRSs).
Earlier this week the European Banking Authority (EBA) released the draft technical package for version 4.1 of its reporting framework, giving preparers an early look at upcoming changes. The finalised package is scheduled for release at the end of May 2025, allowing time for industry feedback and adjustments.
The European Commission’s Omnibus simplification proposal, aimed at scaling back and delaying sustainability reporting under the Corporate Sustainability Reporting Directive (CSRD), generated a heated debate on Monday night. The deep divisions revealed make it clear that consensus will be difficult to achieve.
The European Commission’s Omnibus simplification proposal, if enacted, will change the shape of sustainability reporting across that continent, reducing the number of private companies required to comply with the European Sustainability Reporting Standards (ESRS) while streamlining the disclosures themselves.
The European Securities and Markets Authority (ESMA) is proposing changes to the reporting framework for private securitisations under the Securitisation Regulation (SECR). In a new consultation paper, ESMA suggests a simplified disclosure template aimed at reducing regulatory burdens while maintaining transparency.
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